Josh Frydenberg Kooyong, Liberal Party, Treasurer
2:27 pm
The Leader of the Opposition asked about productivity. Under the coalition, multifactor productivity has averaged 0.7 per cent above its 20-year average of 0.5 per cent and is more than double the average under the previous Labor government of just 0.3 per cent. We know that when we came to government unemployment was at 5.7 per cent; today it's 5.3 per cent. We've got more women in work, more seniors in work and more young people in work, with more than 1.4 million new jobs having been created.
When it comes to debt, the Labor Party were the gold standard of lifting debt. Debt was growing—
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